February Pending Home Sales Edge Up 1.8% Amid Shifting Market

What did pending home sales look like in February? Pending home sales picked up 1.8% month-over-month, but remained 0.8% lower year-over-year in February. Eager shoppers capitalized on lower rates, including during a brief window where mortgage rates dipped below 6%, though recent geopolitical tensions in the Middle East have since pushed borrowing costs back upward.
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